Oklahoma Mining Lands Reclamation Act Bond Guide
If you’re applying for a mining exploration permit in Oklahoma, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure mining operators complete reclamation and restoration work
- Who Needs It: Mining operators in Oklahoma
- Regulating Body: The Oklahoma Department of Mines
- Required Coverage: $1,000–$100,000
- Premium Rate: 1–10%, credit-based
Learn all about the bond requirements and process in this guide.
What Is an Oklahoma Mining Lands Reclamation Act Bond?
The Oklahoma Department of Mines requires this bond as part of the permitting process for non-coal mining operators and quarry blasters in the state.
The reclamation bond acts as financial security to pay for potential claims and repairs.
How Much Do Mining Lands Reclamation Act Bonds Cost?
Oklahoma Mining Lands Reclamation Act bonds cost a small percentage of the required coverage amount, typically 1–10%.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Oklahoma Mining Lands Reclamation Act bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll email you the bond shortly after purchase. Be sure to file it with the Department of Mines as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does an Oklahoma Mining Lands Reclamation Act Bond Work?
A Mining Lands Reclamation Act bond creates a legal contract between these three parties:
- Principal: You, the mining operator filing the bond
- Obligee: The Oklahoma Department of Mines requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of The Mining Lands Reclamation Act, O.S., 2016 721-728.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your Mining Lands Reclamation Act bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.